# Ringgit rises against US dollar but don’t jump for joy | FMT

> Economists Carmelo Ferlito and Shankaran Nambiar said the ringgit's gains against the US dollar on January 20, 2021 reflect US weakness more than Malaysian strength. The ringgit had weakened against the euro, sterling, the Australian dollar, the Singapore dollar and the baht over the past year. They called for attention to fundamentals and political stability.

- Date: 2021-01-20 · published 2021-01-20T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/49425-ringgit-rises-against-us-dollar-but-don-t-jump-for-joy-fmt
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A ringgit rally that is driven by dollar weakness rather than domestic strength may not hold, which limits its effect on Malaysian import costs for feed. The story describes no direct commodity supply or demand change.

## Read by commodity

- USDMYR: neutral

## Sources

- freemalaysiatoday.com: https://www.freemalaysiatoday.com/category/nation/2021/01/20/ringgit-rises-against-us-dollar-but-dont-jump-for-joy

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.